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Join the Securities Litigation and Enforcement Group on LinkedInEx-Coinbase Employee Pleads Guilty to Insider Trading – The New York Times
A former employee of the Coinbase cryptocurrency exchange pleaded guilty on Tuesday to insider trading, the first time a crypto industry insider has admitted to trying to profit from confidential information. The case has been closely watched in the crypto industry since the charges against Ishan Wahi, a former Coinbase product manager, were filed in […]
Insider Trader’s Phony Letter to Judge From Ex-Fiancee Backfires – Bloomberg
The letter from a former Silicon Valley Bank vice president’s one-time fiancee to the judge who was set to sentence him for insider trading made him out to be a decent guy, deserving of leniency. While Mounir Gad was spared from prison for securities fraud in 2021, it turned out that his ex didn’t actually […]
Binance Signals Full Audit for Crypto’s Biggest Exchange Remains Some Way Off – Bloomberg
Binance, the world’s largest digital-asset exchange, indicated a full audit of its assets and liabilities is some way off amid calls for more transparency following the collapse of rival FTX. The company’s goal is to hire an auditor for the whole balance sheet but big accountants are still learning about the crypto sector, which lacks […]
‘Crypto Mom’ Hester Peirce: SEC ‘Disappoints’ When It Comes to Crypto
Some of the complications of trying to write a regulatory policy through enforcement actions are apparent with the BlockFi settlement, she said. “If we had simply been more proactive in a regulatory way on crypto lending, we could have had a framework in place that would have applied to everyone,” she said. Such a framework […]
US Prosecutors Ask for Postponement of SEC, CFTC Cases Against Sam Bankman-Fried
U.S. prosecutors have asked that the civil fraud cases brought by the Securities Exchange Commission and the Commodity Futures Trading Commission against FTX founder Sam Bankman-Fried be postponed until after the criminal case against him has concluded, according to a filing on Tuesday. In their filing, prosecutors said the stay will save time and resources […]
Sam Bankman-Fried Appeals Judge’s Decision to Reveal Names of His $250M Bond Backers
Former FTX chief Sam Bankman-Fried has appealed a judge’s decision to allow the identities of the two currently unidentified people who co-signed his $250 million bail bond to be made public, according to a filing made on Tuesday. It was already known that Bankman-Fried’s parents also co-signed the bond, but the other names were kept […]
ESG-Related Risk Factors: Nearly All S&P 500 Co’s Now Have Them — TheCorporateCounsel. net Blog
Based on our review of companies in the S&P 500, having ESG-related disclosures in the risk factors is now a common practice. For companies which have already filed their annual report for fiscal year 2022, 89% had ESG-related risk factors. These risk factors spanned a range of ESG-related topics, primarily related to climate change, but […]